VIEWS: 64 PAGES: 4 CATEGORY: Drafting Legal Forms POSTED ON: 12/8/2011
This Notice of Assignment is used by one party to a contract to inform the other party of the transfer of rights and obligations under the contract to a third party. After a party assigns its contract rights to a new assignee, the party should provide notice to the other original contracting party. This notice effectively relieves the assigning party of any liability under the contract, unless the contract states otherwise. This document contains the standard information commonly included in a notice of assignment. It should be used by individuals or entities located in North Carolina when assigning their rights and obligations under a contract to a third party.
"North Carolina Notice of Assignment"